Construction spending in the US slipped by 1.9% month-over-month to a seasonally adjusted annual rate of $2,186.1 billion in September 2026, marking the steepest drop since April 2020, after an upwardly revised 2% advance in August. Figures contrasted with the expected 0.4% increase. Total private construction shrank by 2.4%, led by a 5.5% decline in residential activity, likely reflecting mounting construction cost pressures on renovation projects. Single-family housing outlays were flat compared with August but fell 2.4% on an annual basis. Conversely, spending on nonresidential structures rose by 1.1%, with solid increases in office (5.5%), power (1.2%) and religious (1.1%) more than offseting decreases in amusement and recreation (-1.3%) and educational (-0.6%). Meanwhile, public construction spending fell by 0.1%, reflecting a 0.1% decrease in nonresidential, outweighed by a 1.8% rise in the residental segment. Year-on-year, construction spending dropped by 2.7%. source: U.S. Census Bureau

Construction Spending in the United States decreased 1.90 percent in September of 2026 over the previous month. Construction Spending in the United States averaged 0.46 percent from 1964 until 2026, reaching an all time high of 5.90 percent in April of 1978 and a record low of -4.80 percent in February of 1975. This page provides the latest reported value for - United States Construction Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Construction Spending - data, historical chart, forecasts and calendar of releases - was last updated on November of 2026.

Construction Spending in the United States decreased 1.90 percent in September of 2026 over the previous month. Construction Spending in the United States is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Construction Spending is projected to trend around 0.70 percent in 2027 and 0.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-10-01 02:00 PM
Construction Spending MoM
Aug 0.9% -0.1% 0% -0.3%
2026-11-02 03:00 PM
Construction Spending MoM
Sep -1.9% 2% 0.4% 0.2%
2026-12-01 03:00 PM
Construction Spending MoM
Oct -1.9%


Related Last Previous Unit Reference
Building Permits 1398.00 1403.00 Thousand Sep 2026
Building Permits MoM -0.40 -2.10 percent Sep 2026
Construction Spending MoM -1.90 2.00 percent Sep 2026
Home Ownership Rate 65.50 65.00 percent Sep 2026
Housing Starts 1221.00 1288.00 Thousand units Sep 2026
Housing Starts MoM -5.20 -5.90 percent Sep 2026
Housing Starts Multi Family 349.00 376.00 Thousand units Sep 2026
Housing Starts Single Family 859.00 900.00 Thousand units Sep 2026
New Home Sales 676.00 680.00 Thousand units Sep 2026
New Home Sales MoM -0.60 5.10 percent Sep 2026


United States Construction Spending
Construction Spending refers to monthly estimates of the total dollar value of construction work done on new structures or improvements to existing structures for private and public sectors each month in the United States. In 2016, private construction spending accounted for 75 percent of total spending and public for 25 percent. Spending in non-residential construction represented 60 percent of total and residential accounted for 40 percent.
Actual Previous Highest Lowest Dates Unit Frequency
-1.90 2.00 5.90 -4.80 1964 - 2026 percent Monthly
Current Prices, SA

News Stream
US Construction Spending Unexpectedly Falls
Construction spending in the US slipped by 1.9% month-over-month to a seasonally adjusted annual rate of $2,186.1 billion in September 2026, marking the steepest drop since April 2020, after an upwardly revised 2% advance in August. Figures contrasted with the expected 0.4% increase. Total private construction shrank by 2.4%, led by a 5.5% decline in residential activity, likely reflecting mounting construction cost pressures on renovation projects. Single-family housing outlays were flat compared with August but fell 2.4% on an annual basis. Conversely, spending on nonresidential structures rose by 1.1%, with solid increases in office (5.5%), power (1.2%) and religious (1.1%) more than offseting decreases in amusement and recreation (-1.3%) and educational (-0.6%). Meanwhile, public construction spending fell by 0.1%, reflecting a 0.1% decrease in nonresidential, outweighed by a 1.8% rise in the residental segment. Year-on-year, construction spending dropped by 2.7%.
2026-11-02
US Construction Spending Surprises on the Upside
Construction spending in the US rose by 0.9% month-over-month to a seasonally adjusted annual rate of $2,203 billion in August 2026, following a downwardly revised 0.1% decrease in July. Analysts had expected a flat reading. Private-sector construction rose 1.1%, supported by a 1.1% increase in residential activity, amid gains in single-family projects (+0.2%) and multi-family construction (+0.2%). Spending on nonresidential structures like offices and factories grew by 1%, with solid increases in office (4.6%), religious (2.9%), transportation (1.2%) and power (0.9%) construction. Meanwhile, public spending went up by 0.2%, driven by increases in both the residential (0.3%) and nonresidential (0.2%) segments. Year-on-year, construction spending shrank by 1.7%.
2026-10-01
US Construction Spending Falls 0.5% in July
Construction spending in the US fell 0.5% month-over-month to a seasonally adjusted annual rate of $2,158 billion in July 2026, following a upwardly revised flat reading in June and missing market expectations of a flat reading. Residential construction spending fell 1.3%, while nonresidential spending edged up 0.1%. Within the nonresidential sector, the largest declines were recorded in conservation and development (-1.4%), manufacturing (-1%) and public safety (-1%). These were partly offset by gains in office construction (2.9%). Meanwhile, both private (-0.5%), dragged by a 3.2% decline in new single family residential construction spending, and public (-0.2%) construction spending fell over the month. In the first seven months of 2026, total construction spending fell 3.5% from the same period a year earlier to $1.245 trillion.
2026-09-01